Blog Article
Green and sustainable financing
Finance and a sustainable financial market play a central role in a successful transformation that achieves climate targets and adapts our society to climate change. At the same time, studies (1, 2) show that the costs and damage caused by climate change are significantly lower with targeted and effective adaptation than without it.
As a result, the topic of green finance has become a high priority for financial institutions and the real estate industry. The topics of environment and climate have been actively incorporated into the world of finance, as green financial products are a key factor in channelling private capital flows in connection with climate change.
The technical term green finance or sustainable finance covers the topic of green and sustainable financial investments in addition to financial strategy risks. One area of green finance is the concept of climate and environmental financing. This involves financing instruments that have a positive impact on the environment.
What defines 'green'?
With the EU Taxonomy, the EU Commission has created a standardized classification system with criteria for ecological and sustainable economic activities. Consequently, proof of a ‘substantial contribution’ to one of the environmental objectives and proof of ‘do no significant harm’ (DNSH) of the other environmental objectives is the basis for obtaining green financing.
Economic activities are classified according to the European classification of economic activities (NACE). In the real estate sector (Construction and real estate activities), this primarily relates to the following economic activities:
The EU Taxonomy Navigator and the EU Taxonomy Compass offer a contact point to help you navigate through the regulatory requirements of the EU taxonomy.
Obtain your confirmation of conformity with the EU Taxo Check
It's even easier with the greenpass EU Taxo Check. It enables properties to be checked simply, efficiently and comprehensively with regard to all six environmental objectives and the corresponding requirements and criteria of the EU Taxonomy and consequently to obtain the EU Taxonomy compliance certificate. The EU Taxo Check can be tested with a 30-day free trial period.
Get your green financing now with the official greenpass
By providing evidence of certain sustainability criteria and qualities, banks and financial institutions can thus offer green products with more favourable conditions for demonstrably green and climate-safe properties, e.g. in the case of residential construction or real estate financing, and borrowers can thus save money by implementing effective measures and contributing to climate proofing, while also increasing their investment and future security.
The direct savings for innovative and sustainable banks are in the range of approx. 10-50 basis points, depending on the framework conditions, the quality achieved and the corresponding verification.
Calculate your direct savings
The Green Finance Calculator is now available for calculating exemplary savings. Based on proven financing examples from innovative financial institutions, it shows how much you can save by using the greenpass as proof.
We will be happy to put you in contact with innovative banking institutions if required and for a specific application. Save money directly through more favourable financing conditions with the official greenpass as proof. Calculate your savings right now with the Green Finance Calculator!
Calculate your Green Finance savings
And save money directly through more favourable financing conditions with the greenpass as official proof
